Found 16th Feb
Hi I'm currently saving for a mortgage (think I'm a few years off yet). I'm putting away £500 a month and have roughly 15k. It's currently in a barclays current account.

Is in worth starting a help to buy ISA?

Any suggestions to look into would be most appreciated.
Thanks

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Believe it or not, you can't use a help to buy isa to buy your house!

telegraph.co.uk/per…it/

Anything that gives a bonus over and above a standard interest account should be looked at.

The help to buy isa will allow you to invest a lump sum of £1200 and then £200 a month. You may have to juggle some funds if you already have a cash isa.

helptobuy.gov.uk/hel…rk/

adam_holcombe

Believe it or not, you can't use a help to buy isa to buy your … Believe it or not, you can't use a help to buy isa to buy your house!http://www.telegraph.co.uk/personal-banking/savings/help-to-buy-isa-bonus-buyers-had-no-idea-it-wasnt-for-a-deposit/



Have you actually read the article?

windym

Anything that gives a bonus over and above a standard interest account … Anything that gives a bonus over and above a standard interest account should be looked at.The help to buy isa will allow you to invest a lump sum of £1200 and then £200 a month. You may have to juggle some funds if you already have a cash isa. https://www.helptobuy.gov.uk/help-to-buy-isa/how-does-it-work/



As long as you don't rely on the help to buy isa bonus forming part of your deposit..

windym

Have you actually read the article?


That's the thing nowadays, so many people just look at the URL / Title of an article without actually reading it. This then forms the basis of their opinion. Social media is full of it.
Edited by: "ipswich78" 16th Feb

adam_holcombe

As long as you don't rely on the help to buy isa bonus forming part of … As long as you don't rely on the help to buy isa bonus forming part of your deposit..



Which isn't what you said up there!

Original Poster

Thanks for the info guys. Are there any decent saving account?

You might find something like a fixed bond account good value. You can get them from 2 years, obviously the longer you fix for the better the rate.

Have a look at moneysupermarket for ideas.

We have an account with First Direct and use their regular savings account. I don't know what other banks offer, but we find this a good return.

www2.firstdirect.com/1/2…unt

Edited by: "windym" 16th Feb

moneysavingexpert.com/sav…est

Our best buys, incl...

Savings via your bank account
Santander – 1.5% up to £20,000
Bank of Scotland – 3% up to £5,000
Easy access savings: allows withdrawals
West Brom BS – 1.05%
Leeds BS – 1.05%
Post Office – 1.01%
Fixed savings: must lock cash away
Atom Bank – 1.5% for 1 year
Atom Bank – 1.65% for 2 years
Masthaven – 1.76% for 3 years

Original Poster

Good people of HUK. Thanks alot.

Loads to luck into

Google 'safest uk dividend yields'. National grid shares currently pay 4%.

I have a HTB isa with Halifax. I've already saved enough for £1000 bonus. They were paying 4% at one point, but mines now dropped to 3.5%. Your money sitting in your Barclay's account is doing nothing. So IMO you should deffinatley open one
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